Whales with a lot of money to spend have taken a noticeably bullish stance on Coinbase Glb.
Looking at options history for Coinbase Glb COIN we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 38% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $395,840 and 9, calls, for a total amount of $460,000.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $240.0 to $350.0 for Coinbase Glb over the last 3 months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Coinbase Glb stands at 3085.42, with a total volume reaching 1,444.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Coinbase Glb, situated within the strike price corridor from $240.0 to $350.0, throughout the last 30 days.
Coinbase Glb Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| COIN | PUT | TRADE | NEUTRAL | 07/19/24 | $26.8 | $24.45 | $25.45 | $250.00 | $254.5K | 746 | 100 |
| COIN | CALL | TRADE | BULLISH | 01/16/26 | $67.65 | $64.55 | $66.41 | $350.00 | $132.8K | 1.2K | 20 |
| COIN | CALL | TRADE | BULLISH | 06/28/24 | $12.5 | $12.5 | $12.5 | $250.00 | $62.5K | 364 | 62 |
| COIN | PUT | TRADE | NEUTRAL | 06/28/24 | $70.9 | $66.5 | $68.9 | $310.00 | $55.1K | 20 | 8 |
| COIN | PUT | TRADE | BEARISH | 07/19/24 | $35.3 | $34.55 | $35.3 | $260.00 | $52.9K | 501 | 16 |
About Coinbase Glb
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
Coinbase Glb's Current Market Status
- Currently trading with a volume of 450,527, the COIN's price is down by -2.85%, now at $242.69.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 51 days.
What Analysts Are Saying About Coinbase Glb
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $238.5.
- Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $260.
- An analyst from B of A Securities upgraded its action to Neutral with a price target of $217.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Coinbase Glb with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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